This report employs multiple regression analysis to measure the impact of traffic conditions on residential property values and retail sales. The traffic-residential property analysis was supplemented by a household interview study of attitudes regarding traffic environment and changes in value and frequency of sales associated with changes in traffic conditions. A relationship between traffic conditions and residential property values was not found in either of the above analyses. This is explained largely as a result of the relatively homogeneous traffic, social and economic environment of the study area and of imprecise measurements of traffic and land values. An analysis of the relationship between retail sales and traffic revealed that improvements in traffic conditions caused an expansion of retail sales, but generally at the expense of sales in competing locations.
The Impact of Traffic on Residential Property Values and Retail Sales in Champaign-Urbana
1965
95 pages
Report
Keine Angabe
Englisch
CHAMPAIGN-URBANA MASS TRANSIT DISTRICT'S BILL VOLK
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